“The Multi Purpose Floater (MPF) is a new and unique concept based on proven technologies. The first MPF drilling unit is under construction, owned and operated by MPF Corp. Ltd.”

JOINT PROVISIONAL LIQUIDATORS APPOINTED ON 24 SEPTEMBER 2008 MIKE MORRISON AND CHARLES THRESH OF KPMG ADVISORY LIMITED, BERMUDA AND MIKE PINK, OF KPMG LLP, UK WERE APPOINTED JOINT PROVISIONAL LIQUIDATORS BY ORDER OF THE SUPREME COURT OF BERMUDA.